Rumor mill – “Daulat” – the new name for Dow Chemical JV with Kuwait Petroleum??? There are rumors about the new name for a joint venture between Dow Chemical and Kuwait Petroleum. The new JV Company is rumored to be called Daulat. The word Daulat means wealth and prosperity in Arabic. The joint venture…
Keltic Petrochemicals receives approval to construct a petrochemical complex in Nova Scotia Keltic Petrochemicals Inc. announced its plans to develop, construct, and operate a world-scale petrochemical plant in Goldboro, Nova Scotia. When completed, the facility will consist of ethylene, polyethylene, propylene, and polypropylene plants as well as a supporting cogeneration plant and a receiving…
Dow to strategically evaluate its business portfolio Dow Chemical announced its decision to realign a number of businesses to a newly created business group, Dow Portfolio Optimization. Each of the businesses within the new group has been earmarked for strategic evaluation, with the goal of defining how best to maximize its long-term value to…
My Turn – Dr. Balaji B. Singh – The year for Specialty Polyolefins SPO-FlexPO2008, June 25-27, 2008 Houston/Galveston, TX Comments: The start of New Year heralds a new race for Specialty and value added polyolefins. Chemical Market Resources focused on technology and value added polyolefins since 1990 and has conducted over 40 multiclient studies…
My Turn – Dr. Balaji B. Singh – The year for Specialty Polyolefins SPO-FlexPO2008, June 25-27, 2008 Houston/Galveston, TX Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various…
My Turn – Dr. Balaji B. Singh – The year for Specialty Polyolefins SPO-FlexPO2008, June 25-27, 2008 Houston/Galveston, TX Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various…
My Turn – Dr. Balaji B. Singh – Have a Happy New Year Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various specialty polyolefins. The year 2008 will…
AMERICAS LyondellBasell Updates RIL raises an additional US$763 million to fund Lyondell’s buy Reliance Industries Ltd has raised US$763 million (Rs 3,465 crore), its third big equity fundraising in under four months. With this, the company has raised over Rs 9,000 crore (US$2 billion) by selling treasury stocks in three tranches. Reliance sold 33 million…
AMERICAS LyondellBasell Updates Access Industriesterms US$12 billion offer by RIL too low for LyondellBasell Access Industries claimed that the US$12 billion which RIL has valued LyondellBasell was too low, and lacked merit. Access Industries claimed that since creditors like Apollo would make losses if the deal were to go through at RIL’s initial offer, the…
AMERICAS LyondellBasell Updates LyondellBasell could emerge from Chapter 11 LyondellBasell Industries (LBI) has reached an agreement that could help it emerge from Chapter 11. LBI’s unsecured creditors swapped sides after being offered an extra USD150 million worth of shares. Unsecured creditors, including bondholders, are estimated to hold around USD 3 billion of debt and had…